A Fibonacci projection line is a type of chart annotation that is usually drawn between a price peak, subsequent price valley and subsequent price peak or price valley, subsequent price peak and subsequent price valley. Once drawn, a line will be drawn between the peaks and valleys and horizontal lines at increasing Fibonacci projection percentages will be drawn back towards the 2nd peak/valley. When future prices approach a Fibonacci projection percentage, it indicates a place of possible price direction reversal.

To draw a Fibonacci projection on a chart:

1. Select from the Drawing menu.
2. Click and hold the mouse button on the left most peak or valley, drag the mouse with the button still depressed to the middle valley or peak, and release the mouse button.
3. Click the mouse on the right most peak or valley to complete the Fibonacci projection.

To move an existing Fibonacci projection:

1. Select a Fibonacci projection on the chart by clicking on a portion of the Fibonacci projection.
2. Once the Fibonacci projection is selected (highlighted with small squares):

• Click and drag, with the mouse button still depressed, a portion of the Fibonacci projection that does not have a selection box to move the entire Fibonacci projection.

• Click and drag, with the mouse button still depressed, a selection square on the Fibonacci projection to reposition only that point of the Fibonacci projection.

To delete an existing Fibonacci projection:

1. Select a Fibonacci projection on the chart by clicking on a portion of the Fibonacci projection.
2. Once the Fibonacci projection is selected (highlighted with small squares), press the Delete key or select Delete from the Edit menu.

Troubleshooting:

• When moving or deleting an annotation, you must make sure the mouse cursor has changed to a hand before clicking on the annotation. If the cursor is still an arrow or a cross hair, the selection will not occur.

Note:

• To continue drawing Fibonacci projection line annotations on the chart without having to reselect the menu item each time, select Remain in Drawing Mode from the Drawing menu. Once you are done drawing Fibonacci projection lines, simply select another type of annotation or unselect Remain in Drawing Mode.